SCOTTSDALE, Ariz., July 16,
2024 /PRNewswire/ -- Monetary Metals®, an
industry-leading gold company, is pleased to announce the
successful completion of a $5.6
million equity capital raise via a private placement
offering.
This is the largest raise to date, and brings the total equity
raised since its founding to over $14
million.
Like all previous rounds, this round was oversubscribed. The
Company raised $5,577,556, which will
be used to continue to scale its Gold Yield Marketplace®
platform and acquire new customers.
Keith Weiner, Founder and CEO of
Monetary Metals, expressed his enthusiasm for the outcome: "The
overwhelming response from investors reaffirms our mission to build
a global marketplace where everyone can save, earn, and finance
production in gold. We are creating a new paradigm for gold yield
and this funding will help us get to the next level."
Sound Money Capital, AG, the privately held company of notable
gold industry professionals Ronald-Peter Stöferle and Mark Valek, invested in the round.
"Monetary Metals' approach to gold investment is revolutionary.
By enabling investors to earn interest on their gold holdings, they
are not only preserving wealth, but growing it in a sustainable
manner. I am impressed by their track record, professionalism, and
the relentless drive of their founder Keith," commented Ronald
Stöferle, author of the annual "In Gold we Trust" report and
managing partner and fund manager at Incrementum AG.
Through their precious metals leases and bonds, Monetary Metals
has been delivering a yield on gold and silver to their clients
since 2016. The company has a track record of over 57 funded
transactions.
For more information about Monetary Metals and its offerings,
please visit www.monetary-metals.com.
About Monetary Metals: Monetary Metals® is
Unlocking the Productivity of Gold™ by offering a Yield
on Gold, Paid in Gold® to investors, and Gold Financing,
Simplified™ to gold-using businesses (mints, miners,
refiners, jewelers, etc.). The company brings both sides together
in its Gold Yield Marketplace® a platform where everyone
can save, earn, and finance production in gold. In addition, the
company's market analysis and proprietary charts, including the
gold forward rate, are utilized by gold investors and gold-using
businesses globally.
Contact:
Dickson Buchanan Jr.
Vice President Marketing
380403@email4pr.com
646-653-9729
For additional information or press inquiries, please contact
380403@email4pr.com
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SOURCE Monetary Metals & Co.